Shoreline Capital, a Chinese distressed debt investor with more than $1.5bn in assets under management, is in turmoil and losing staff at a time when it should be benefiting from mainland banks’ efforts to deal with problem loans.
Disputes between the two principal founders about the fundamental direction of the Guangzhou-based investment firm and a series of defections could now jeopardise its survival, according to five people involved with the business as investors and employees.
At least 14 investment professionals have left a firm that described itself has having “more than 20” — and investors will soon be asked to decide whether they want to leave their money with the firm or want its funds wound up.